PVC Futures For Footwear Materials Will Be Listed

Yesterday, the head of the Dalian commodity exchange told reporters that the networking system of PVC trading system was successfully completed on the morning of March 21st.

In 2007, China's PVC output was about 9 million 700 thousand tons, and its apparent consumption exceeded 10 million tons. China has become the largest PVC producer and consumer in the world, with capacity accounting for 1/4 of the world's total.

This is the second test trading system for PVC futures in February 27th.

According to the relevant person in charge, after the first test, some members did not do well in cleaning up the application system log, and the test was simulated on the normal trading day.

The draft contract shows that the fluctuation rate is 4% of the settlement price of the previous trading day, the margin is 5%, the service fee is not more than 6 yuan / hand, the contract month amounts to 12, the tenth trading days of the contract month are the last trading day, and the final delivery date is second trading days after the last trading day, and the delivery method is physical delivery.

The successful completion of the test is another positive sign that PVC is expected to be listed in the near future.

Before the test, reporters were informed that the PVC listing date is likely to be scheduled for April.

The price fluctuation is bigger and the business risk is bigger.

In the current financial crisis's impact on the real economy and the price fluctuation of related products, DAC hopes to provide the enterprises with expected price and hedging tools through early listing.